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ADB to Scale Up Support for Philippines' Infrastructure, Health, Job Recovery

Modern Diplomacy
Published 3 months ago
ADB sovereign lending to the Philippines is expected to reach $9.4 billion between 2021 and 2023, with at least two-thirds going into infrastructure, health, and employment recovery to help the government revitalize the economy amid the coronavirus disease (COVID-19) pandemic.
The Philippines’ Country Operations Business Plan 2021–2023 will support government programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
“We have designed our new Country Operations Business Plan to help the Philippines overcome the socioeconomic impact of the pandemic. We are focusing on infrastructure projects that have large employment multipliers and support long-term economic growth through improved connectivity,” said ADB Vice-President Ahmed M. Saeed. ....

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ADB to Scale Up Support for Philippines' Infrastructure, Health, Job Recovery in 2021–2023

ADB to Scale Up Support for Philippines Infrastructure, Health, Job Recovery in 2021–2023
News Release | 16 December 2020
MANILA, PHILIPPINES (16 December 2020)
The Asian Development Bank’s (ADB) sovereign lending to the Philippines is expected to reach $9.4 billion between 2021 and 2023, with at least two-thirds going into infrastructure, health, and employment recovery to help the government revitalize the economy amid the coronavirus disease (COVID-19) pandemic.
The Philippines’ Country Operations Business Plan 2021–2023 will support government programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
“We have designed our new Country Operations Business Plan to help the Philippines overcome the socioeconomic impact of the pandemic. We are focusing on infrastructure projects that have large employment multipliers and support long-term econom ....

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ADB to lend $9.4B to PH for next 3 years – The Manila Times

The Asian Development Bank (ADB) said on Wednesday the funds it would lend to the Philippines were expected to reach $9.4 billion under its three-year business plan for the country, with at least two-thirds of these going to infrastructure, health and employment recovery.
In a statement, the Manila-based multilateral lender said its Philippines’ Country Operations Business Plan 2021–2023 would support state programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
Kelly Bird, ADB country director for the Philippines, said the plan “is taking an integrated approach to business and employment recovery over the next three years through a combination of programs and projects supporting structural reforms to the business sector, facilitating youth employment, and upgrading skills development in the workplace.” ....

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ADB sets $9.4-billion 3-year lending plan to PH

Published December 16, 2020, 12:56 PM
The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic.
In a statement, the Manila-based multilateral institution, said that at least two-thirds of the bank’s financing package, under the Philippines’ Country Operations Business Plan 2021–2023, will go to infrastructure, health, and employment recovery.
Photo credit: https://www.adb.org/
The official development assistance (ODA), equivalent to P451.7 billion, aims to support government programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services, ADB said. ....

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